Legis Daily

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

USA117th CongressHR-123| House 
| Updated: 1/4/2021
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (4)
Dwight Evans (Democratic)Barbara Lee (Democratic)Bonnie Watson Coleman (Democratic)Nydia M. Velázquez (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-123
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Jan 4, 2021
Introduced in House
Jan 4, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-123
    Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act


  • January 4, 2021
    Introduced in House


  • January 4, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Congressional oversightCredit and credit marketsFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsHousing finance and home ownershipIntellectual property

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

USA117th CongressHR-123| House 
| Updated: 1/4/2021
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-123
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Jan 4, 2021
Introduced in House
Jan 4, 2021
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-123
    Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act


  • January 4, 2021
    Introduced in House


  • January 4, 2021
    Referred to the House Committee on Financial Services.
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (4)
Dwight Evans (Democratic)Barbara Lee (Democratic)Bonnie Watson Coleman (Democratic)Nydia M. Velázquez (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightCredit and credit marketsFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsHousing finance and home ownershipIntellectual property